NorZinc Signs Renewed MOU with Boliden for Sale of Zinc Concentrate at Prairie Creek Mine
7 October 2021
Vancouver, British Columbia, October 7, 2021 – NorZinc Ltd (TSX: NZC; OTCQB: NORZF) (“NorZinc” or the “Company”) is pleased to announce that it has signed an amended agreement with Boliden Commercial AB (“Boliden”) for the sale of zinc concentrates to be produced at NorZinc’s 100% owned Prairie Creek Mine, located in Northwest Territories, Canada.
NorZinc has signed a non-binding Memorandum of Understanding (“MOU”) with Boliden which extends the validity of the existing MOU to June 30, 2023, from its original expiry date of June 30, 2022, and significantly increases zinc sulphide concentrates to be delivered to Boliden, with exact annual quantities to be mutually agreed.
“We are very pleased to be partnering with Boliden, one of the world’s premier smelting companies committed to strong environmental and sustainability practices.” said Mr. Rohan Hazelton, President and CEO of NorZinc. He continued, “In particular, Boliden has a proven track record in treating complex raw materials at both its smelters in Norway and Finland, which are in part supported by external mines. We believe this continued support of the Prairie Creek Mine confirms the marketability of our planned zinc concentrate production and demonstrates another milestone for the Company in the path towards production.”
Boliden is a metals company with a focus on sustainable development. Boliden’s roots are Nordic, and its market global. Boliden’s core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 50 billion. The Company’s shares are listed in the Large Cap segment on NASDAQ OMX Stockholm.
NorZinc is a TSX-listed mine development company trading under the symbol “NZC”. NorZinc is developing its key project, the 100%-owned high-grade zinc-lead-silver Prairie Creek Mine, located in the Northwest Territories, Canada.